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 Decade: 2000-2009
 Collection: Congressional Research Service Reports
Economic Stimulus: Issues and Policy

Economic Stimulus: Issues and Policy

Date: October 6, 2009
Creator: Gravelle, Jane G.; Hungerford, Thomas L. & Labonte, Marc
Description: This report discusses the passing of the American Recovery and Reinvestment Act of 2009, which included tax cut and spending provisions totaling at a cost of $787 billion in an attempt to mitigate the economic fallout of the housing and financial crises on the general economy. The report examines issues surrounding fiscal stimulus such as timeliness, the magnitude of stimulus, long-term effects and previously adopted policies.
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The Special Inspector General for the Troubled Asset Relief Program

The Special Inspector General for the Troubled Asset Relief Program

Date: January 14, 2009
Creator: Burrows, Vanessa K.
Description: This report discusses the Special Inspector General provisions in the Emergency Economic Stabilization Act of 2008, H.R. 1424, which was enacted as P.L. 110-343 on October 3, 2008. This Act created a Special Inspector General (SIG) for the Troubled Asset Relief Program (TARP). This report will compare the duties and authorities of the SIG TARP to those of the Special Inspector General for Iraq Reconstruction (SIGIR) and the Special Inspector General for Afghanistan Reconstruction (SIGAR), as well as statutory IGs under the Inspector General Act of 1978, as amended (IG Act).
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U.S. Motor Vehicle Industry: Federal Financial Assistance and Restructuring

U.S. Motor Vehicle Industry: Federal Financial Assistance and Restructuring

Date: December 3, 2008
Creator: Cooney, Stephen
Description: This report reviews the U.S. automotive industry at present, aspects of the industry's financial situation, and relief options. It includes an analysis of the current situation in the U.S. automotive market, including efforts to address problems of long-term competitiveness and the impact of the industry on the broader U.S. economy. It focuses on financial issues, including credit questions, and legal and financial aspects of government-offered loans or loan guarantees. This further includes consideration of legacy issues, specifically pension and health care responsibilities of the Detroit 3. It also reviews potential solutions to the financial crisis, including options of government receivership and participation management, and various forms of bankruptcy. Finally, the report reviews stipulations that Congress might impose on auto manufacturers as conditions of providing assistance.
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The Role of Public Works Infrastructure in Economic Stimulus

The Role of Public Works Infrastructure in Economic Stimulus

Date: January 6, 2009
Creator: Copeland, Claudia; Levine, Linda; Mallett, William J. & Carter, Nicole T.
Description: Interest in using federal government spending to stimulate U.S. economic recovery has intensified recently in response to indicators showing significant deterioration of the economy. Some policymakers favor using traditional monetary and fiscal policies. Others, however, favor making accelerated investments in the nation's public infrastructure in order to create jobs while also meeting infrastructure needs. This report is an overview of policy issues associated with the approach of using infrastructure as a mechanism for economic stimulus.
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Financial Market Turmoil and U.S. Macreconomic Performance

Financial Market Turmoil and U.S. Macreconomic Performance

Date: December 3, 2008
Creator: Elwell, Craig K.
Description: This report looks at causes of the 2008 financial crisis and ways that government policy can help to fix it.
Contributing Partner: UNT Libraries Government Documents Department
Chrysler Corporation Loan Guarantee Act of 1979: Background, Provisions, and Cost

Chrysler Corporation Loan Guarantee Act of 1979: Background, Provisions, and Cost

Date: December 17, 2008
Creator: Bickley, James M.
Description: A look at how the Chrysler Loan Guarantee Act of 1979 affected TARP funding for the Detroit Big Three.
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Chrysler Corporation Loan Guarantee Act of 1979: Background, Provisions, and Cost

Chrysler Corporation Loan Guarantee Act of 1979: Background, Provisions, and Cost

Date: December 8, 2008
Creator: Bickley, James M.
Description: A look at how the Chrysler Loan Guarantee Act of 1979 affected TARP funding for the Detroit Big Three.
Contributing Partner: UNT Libraries Government Documents Department
Turkmenistan: Recent Developments and U.S. Interests

Turkmenistan: Recent Developments and U.S. Interests

Date: September 10, 2009
Creator: Nichol, Jim
Description: This report examines the political, economic, and foreign policies undertaken by Turkmenistan's President Gurbanguly Berdimuhamedow, who came to power in late 2006. The report discusses U.S. policy and assistance and provides basic facts and biographical information. It may be updated. Related products include CRS Report RL33458, Central Asia: Regional Developments and Implications for U.S. Interests.
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Financial Regulatory Reform: Analysis of the Consumer Financial Protection Agency (CFPA) as Proposed by the Obama Administration and H.R. 3126

Financial Regulatory Reform: Analysis of the Consumer Financial Protection Agency (CFPA) as Proposed by the Obama Administration and H.R. 3126

Date: July 17, 2009
Creator: Carpenter, David H. & Jickling, Mark
Description: This report provides a brief summary of the President's Consumer Financial Protection Agency Act of 2009 (the CPFA Act or the Act) and delineates some of the substantive differences between it and H.R. 3126, as introduced. It then analyzes some of the policy implications of the proposal, focusing on the separation of safety and soundness regulation from consumer protection, financial innovation, and the scope of regulation. The report then raises some questions regarding state law preemption, sources of funding, and rule-making procedures that the Act does not fully answer.
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Countercyclical Job Creation Programs

Countercyclical Job Creation Programs

Date: January 15, 2009
Creator: Levine, Linda
Description: To counter the effect of recessions on workers, Congress has passed legislation to spur job creation through increased spending on public works (infrastructure) and public service programs, revenue sharing with state governments, and employment tax credits. Although the economic stimulus measure enacted during the 110th Congress did not include these direct job creation approaches, additional spending on infrastructure in particular was considered before Congress recessed. (See CRS Report RL34349, Economic Slowdown: Issues and Policies, coordinated by Jane G. Gravelle et al.) Infrastructure spending continues to be mentioned in the context of a second stimulus package, as do state and local government revenue sharing and a jobs tax credit. The focus of this report is on the four countercyclical job creation approaches and related legislation enacted since the Great Depression's end.
Contributing Partner: UNT Libraries Government Documents Department